Singapore registered subsea solutions provider Kreuz Subsea has named AJ Jain chief executive officer and Balaji Bhashyam as chief operating officer.
Jain brings to the CEO role more than 25 years of executive industry experience, having held a number of leadership positions in the oil and gas industry. His previous posts include managing director at Harkand Group where he was responsible for operations in North America and Africa. Prior to Harkand, he was part of the senior management team at Dynamic Industries International LLC responsible for international operations. He also held several senior executive assignments at Global Industries Ltd (acquired by Technip in 2011) including chief operating officer and senior vice president responsible for Asia Pacific and the Middle East earlier in his career.
New COO Bhashyam has been with Kreuz Subsea for the last two years as vice president, business development and corporate strategy. He has more than 25 years’ operational experience in subsea project management and engineering. He previously worked in senior operational roles for Technip in Asia Pacific, Global Industries Ltd. and McDermott International.
The board of directors announced the appointments following the departure of former chief executive Kurush Contractor from the integrated marine and subsea services business after nine years of service.
Kreuz Subsea employs around 250 people onshore and offshore in Singapore, Brunei and India and has projects currently underway valued at $150 million. The company has three multi-purpose support vessels (MSV) and expects delivery of its new Kreuz Challenger DP2 MSV in November. It also has an extensive fleet of diving systems and work-class remotely operated vehicles (ROV).
As CEO, AJ Jain will be responsible for the strategic direction of the firm and growing the business in new markets. He commented, “There are some exciting opportunities on the horizon including delivery of the new DP2 vessel, Kreuz Challenger, which will add exceptional quality to our specialized fleet.”